KARACHI - The Karachi stock market ended more than 1 percent lower on Monday as a potentially destabilising dispute between the Supreme Court and the president over judicial appointments worried investors. Moreover, expectation of rising confrontation between the leadership of the PPP and the PML-N also affected the market sentiment. The Karachi Stock Exchange (KSE) benchmark 100-share index, which opened in the red zone with a loss of 78.44 points, ended 1.06 pc, or 104.06 points, lower at 9,701.81. Volume was at a one-month low as 78.86m shares were traded. The volumes were thin and stood at 132m shares, 40 percent lower than Fridays volume. The government officials meeting with the IMF personnel, for the release of IMFs fifth tranche was unable to boost investors interest. Institutional investors participation was quite low as political uncertainty forced them to stay in the sidelines. Nevertheless, individuals continued to participate in the market mainly in sideboard stocks like TRG, Askari Bank and Lotte PTA. Some buying interest was only seen in the companies like PSO, HBL, ABL., DGKC and NML which are expected to announce their results in February, for the period ended Dec 31, 2009. On the other hand, the KSE 30-index closed at 10036.97 with a loss of 137.95 points. The KMI 30-index closed at 14292.74 with a loss of 141.40 points. All shares index closed at 6882.10 with a loss of 74.42 points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 131.621m as compared to last trading sessions 221.787m. Future market volume, however, stood at 1.443m shares as compared to 3.079m shares of last trading session. Market capitalization stood over Rs2.789tr, as total trades decreased to 78,431 as compared to last trading sessions 94,837, while 102 companies advanced, 262 declined and 18 remained unchanged. Highest volumes were witnessed in TRG at 13.238m closed at Rs3.36 with a loss of Re0.01 followed by AKBL at 8.008m closed at Rs28.50 with a loss of Rs1.16, LOTPTA at 7.638m closed at Rs10.46 with a loss of 0.32. Ahsan Mehanti, a market expert, said, Investors remained concerned on political uncertainty in the result announcement session despite expectation of strong result announcements in banks, fertilizer and oil scrips this week. Some news that affected the market were: PML-N and PPP on the warpath; foreigners park $3.62m in KSE; Govt steps draw IMF appreciation; PPL gas plant commissioned; and oil, gas output little up in 7M. The buyers were unavailable on regular intervals due to absence of ready board leverage and various other issues, so price erosion led to a triple digit decline on opening and allowed the selling intensity to reduce. The low buying quantum however did not offer resistance to the incoming float, and 100 point dip got sustained throughout the session.